Investment advisory firms should be able to hold custody of client assets so long as advisory functions are separated from custodial functions, according to the Investment Adviser Association.
The Securities and Exchange Commission has announced that it will begin contacting investors to make sure they have the assets their investment advisers are reporting.
Terms such as “fiduciary duty” and “suitability” contribute to investor confusion, and they should be replaced by a “universal standard of care” for brokers, says SIFMA.
Advisers need to bolster their sales efforts to snag new clients since most advisory firms’ sales are down 10% to 40%, one industry expert told advisers at the Financial Planning Association’s Business Solutions conference at the Chicago Westin.
Warning that economy will remain in dismal shape for “a while,” Blackstone Group Chief Executive Stephen Schwarzman urged people against buying real estate—even at seemingly depressed prices.
The Securities and Exchange Commission may soon take action against the broker-dealer subsidiary of The Reserve, the New York-based firm whose flagship $62 billion money market fund "broke the buck" in September.
Your wealthy client, age 72, has a sizable individual retirement account and is wondering whether to make charitable contributions from the IRA in 2009.
Unless an investor had held an investment for more than a decade, they lost money in last year’s market collapse, according to a study released today by Dalbar Inc.
A sharp disconnect still exists between homeowners and sellers over the real value of home prices, according to the latest survey by HomeGain.com Inc.
Investors continued to put money into their 401(k) plans last year despite the market turmoil, according to a study released today.
